SRIT India IPO
SRIT India IPO is a mainboard issue of ₹218.4 Cr (Fresh capital only). The price band is ₹123–130 per share with a lot of 115 shares (₹14,950 minimum). Bidding runs 28–30 Sep, allotment is on 1 Oct 2026 and listing on 6 Oct 2026 on BSE, NSE. The issue has been subscribed 125.16x overall. It listed at ₹148 (+13.85% over the issue price) and trades at ₹126.04 (-3.05%).
IPO details
| Detail | Value |
|---|---|
| Price band | ₹123–130 |
| Lot size | 115 shares |
| Minimum investment | ₹14,950 |
| Issue size | ₹218.4 Cr |
| Issue type | Fresh capital only |
| Face value | ₹5 per share |
| Listing on | BSE, NSE |
| Issue price | ₹130 |
Subscription status
| Category | Subscribed |
|---|---|
| Qualified institutions (QIB) | 91.84x |
| Non-institutional (NII) | 312.99x |
| Retail | 63.70x |
| Employees | 0.00x |
| Shareholders | 0.00x |
Updated 06 Oct 2026, 06:30 PM IST
IPO dates
| Event | Date |
|---|---|
| Bidding opens | 28 Sep 2026 |
| Bidding closes | 30 Sep 2026 |
| Allotment | 1 Oct 2026 |
| Refunds | 5 Oct 2026 |
| Shares credited to demat | 5 Oct 2026 |
| Listing | 6 Oct 2026 |
Lot size and application amounts
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 115 | ₹14,950 |
| Retail (Max) | 13 | 1,495 | ₹1,94,350 |
| S-HNI (Min) | 14 | 1,610 | ₹2,09,300 |
| B-HNI (Min) | 67 | 7,705 | ₹10,01,650 |
About SRIT India
SRIT India Limited was started in September 1999 and is headquartered in Bengaluru. It is an IT and IT-enabled services company providing digital solutions, custom software development and system integration. It designs, implements and runs digital platforms for government bodies and enterprises in India and some overseas markets. It works across three areas. In healthcare it builds hospital and health information systems and digital health platforms. In electronic governance it builds e-governance solutions for government departments. In telecom and broadband it handles networking, connectivity and fibre optic infrastructure. Its wider range covers cybersecurity, enterprise software, system integration, automation and managed services. It also offers solutions that can be configured and connected with third-party platforms, and has started developing AI enabled solutions across its main areas. With 26 years in the industry, it has built a long record of executing government technology projects.
SRIT India financials
| ₹ crore | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 614.16 | 496.64 | 428.96 |
| Total Income | 462.54 | 400.50 | 282.22 |
| Profit After Tax | 43.29 | 33.60 | 29.08 |
| EBITDA | 64.77 | 49.81 | 40.99 |
| NET Worth | 193.27 | 93.17 | 80.47 |
| Reserves and Surplus | 169.54 | 72.93 | 53.52 |
| Total Borrowing | 36.15 | 51.30 | 22.28 |
Key ratios
| Ratio | Value |
|---|---|
| P/E Ratio | 19.29 |
| EPS (₹) | 6.74 |
| RoE | 30.23% |
| RoCE | 28.79% |
| RoNW | 30.23% |
| PAT Margin | 9.62% |
| EBITDA Margin | 14.39% |
| Debt / Equity | 0.23 |
| NAV (₹) | 40.71 |
Strengths
- Sales have grown strongly, from Rs 282.22 crore in FY2024 to Rs 400.50 crore in FY2025 and Rs 462.54 crore in FY2026.
- Profit has grown every year, from Rs 29.08 crore in FY2024 to Rs 33.60 crore in FY2025 and Rs 43.29 crore in FY2026.
- EBITDA improved from Rs 40.99 crore in FY2024 to Rs 64.77 crore in FY2026.
- Return ratios are healthy, with RoNW of 30.23% and RoCE of 28.79%.
- The company has a long record of 26 years, having started in September 1999.
- It works in three different areas, healthcare, e-governance and telecom, so it is not dependent on one type of project.
- Net worth more than doubled in FY2026, from Rs 93.17 crore to Rs 193.27 crore, and borrowing came down from Rs 51.30 crore to Rs 36.15 crore.
- The whole issue is fresh capital with no offer for sale.
Risks
- Most of the work is for government bodies, which award projects through tenders, pay slowly and can delay or cancel spending with budget changes.
- Rs 124 crore of the Rs 218.4 crore issue goes into working capital, which shows how much cash government projects tie up before payment arrives.
- A part of the money is kept for inorganic growth through unidentified acquisitions, so investors do not know where that money will go.
- The issue is priced at about 19.29 times earnings on an EPS of Rs 6.74.
- The profit margin is moderate at 9.62%, and IT project work is priced competitively.
- Net worth doubled in a single year, so earlier year ratios are not directly comparable with the latest year.
- Technology projects carry execution risk, and a delayed or disputed government contract can hold up payment for a long time.
- Promoter holding will come down from 84.91% to 62.71% after the issue.
Allotment status
Registrar: KFin Technologies Limited. Check SRIT India IPO allotment status.
FAQs
What is the price band of SRIT India IPO?
₹123–130 per share.
What is the lot size of SRIT India IPO?
115 shares, which costs ₹14,950 at the upper price band.
What is the GMP of SRIT India IPO?
₹61 (+46.92%) as of 06 Oct 2026, 08:24 AM IST. GMP is unofficial and not a prediction of the listing price.
When does SRIT India IPO open and close?
It opens on 28 Sep 2026 and closes on 30 Sep 2026.
When is the allotment date of SRIT India IPO?
1 Oct 2026.
When will SRIT India IPO list?
6 Oct 2026 on BSE, NSE.
How many times was SRIT India IPO subscribed?
125.16x overall.